POST 301 - Ch. 3 - Section 2: Working with
Residential and Commercial Sellers
The NCREC's Residential Square Footage Guidelines define “living area” as
meeting all of the following criteria EXCEPT:
Heated.
Cooled.
Finished.
Directly Accessible.
Cooled.
All of the following are impermissible sources of square footage information
EXCEPT:
Tax records.
Owner statements.
Any documents from a previous transaction.
Blueprints, disclosed as an estimate, because the house isn’t built yet.
Blueprints, disclosed as an estimate, because the house isn’t built yet.
Blueprints are permissible only when the house isn’t built yet, but once nearly
complete, the listing agent must measure to confirm actual SF. (LO: Identify
acceptable and unacceptable sources for square footage information and the
permissible error of margin under NCREC rules)
, Additional recommended documents a broker might bring to the listing
presentation include all of the following EXCEPT:
A copy of both Std Form 2-T Offer to Purchase and Contract and the Guidelines
explaining the form (Std Form 2-G).
A copy of a CMA you prepared.
A copy of the seller’s homeowner’s insurance policy.
A Property Data Sheet to note property information you will need to advertise the
property.
A copy of the seller's homeowner's insurance policy.
The CAN-SPAM Act applies to unsolicited emails promoting goods or services
and requires all of the following EXCEPT:
Written permission before the email is sent.
That the subject of the email be clearly identified in the subject line.
An Opt-Out or unsubscribe feature in the email that stays active for 30 days.
The inclusion of a valid return email address and a physical postal address.
Written permission before the email is sent.
The NCREC expects a listing broker to do all of the following EXCEPT:
Provide the seller with all of the applicable seller disclosure forms and advise
them of their options in completing those forms.
Residential and Commercial Sellers
The NCREC's Residential Square Footage Guidelines define “living area” as
meeting all of the following criteria EXCEPT:
Heated.
Cooled.
Finished.
Directly Accessible.
Cooled.
All of the following are impermissible sources of square footage information
EXCEPT:
Tax records.
Owner statements.
Any documents from a previous transaction.
Blueprints, disclosed as an estimate, because the house isn’t built yet.
Blueprints, disclosed as an estimate, because the house isn’t built yet.
Blueprints are permissible only when the house isn’t built yet, but once nearly
complete, the listing agent must measure to confirm actual SF. (LO: Identify
acceptable and unacceptable sources for square footage information and the
permissible error of margin under NCREC rules)
, Additional recommended documents a broker might bring to the listing
presentation include all of the following EXCEPT:
A copy of both Std Form 2-T Offer to Purchase and Contract and the Guidelines
explaining the form (Std Form 2-G).
A copy of a CMA you prepared.
A copy of the seller’s homeowner’s insurance policy.
A Property Data Sheet to note property information you will need to advertise the
property.
A copy of the seller's homeowner's insurance policy.
The CAN-SPAM Act applies to unsolicited emails promoting goods or services
and requires all of the following EXCEPT:
Written permission before the email is sent.
That the subject of the email be clearly identified in the subject line.
An Opt-Out or unsubscribe feature in the email that stays active for 30 days.
The inclusion of a valid return email address and a physical postal address.
Written permission before the email is sent.
The NCREC expects a listing broker to do all of the following EXCEPT:
Provide the seller with all of the applicable seller disclosure forms and advise
them of their options in completing those forms.
